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Objective vs Subjective Language

Agreed.
What concerns me is that appraisers will become so afraid of using biased words that they will omit important information that we are supposed to be considering. For instance, an appraiser will just state that "there is a gas station adjacent to the subject property".....and move on. No comment on a potential negative affect on market value and/or marketability because "'negative' is biased".

We're already there.

Reporting of factual data that directly impacts market value (market biases) have been avoided to not be misconstrued as appraiser bias for quite some time now. It's only going to get worse
 
Agreed.
What concerns me is that appraisers will become so afraid of using biased words that they will omit important information that we are supposed to be considering. For instance, an appraiser will just state that "there is a gas station adjacent to the subject property".....and move on. No comment on a potential negative affect on market value and/or marketability because "'negative' is biased".
That's been happening for ages. Ever review a report where they just ignored an externality because then they would have had to analyze it? Or a neighborhood description that is so generic it could apply to rural as well as urban?
 
That's been happening for ages. Ever review a report where they just ignored an externality because then they would have had to analyze it? Or a neighborhood description that is so generic it could apply to rural as well as urban?
I always thought that was laziness - though this new paradigm stinks, we can not let it affect our work - we can point out that it does make things harder, and some of it becomes counterproductive.
 
its also a good way to avoid stips.
 
those old pale nonbinary appraisers are dirty thought criminals...send them to room 101 for retraining :rof: :rof: :rof:
 
We're already there.

Reporting of factual data that directly impacts market value (market biases) have been avoided to not be misconstrued as appraiser bias for quite some time now. It's only going to get worse
Unfortunately for some appraisers, you are right. However, it doesn't have to be. Appraisers have to remember that USPAP, not a client, or Fannie or some software program dictates what we do in an appraisal. Omission of critical information is just as bad and even worse than saying something "naughty". Continued education and discussion about bias will help that.
 
That's been happening for ages. Ever review a report where they just ignored an externality because then they would have had to analyze it? Or a neighborhood description that is so generic it could apply to rural as well as urban?
Yup, and my review was not very nice!
 
Technically, it's not, but why let that stop the word police
It is subjective in the way it's used in appraisals... and in most contexts. That is, except in statistics, there is no hard definition of the word. Every appraiser, every person, will have different tolerances for what fits into 'average'.
 
It is subjective in the way it's used in appraisals... and in most contexts. That is, except in statistics, there is no hard definition of the word. Every appraiser, every person, will have different tolerances for what fits into 'average'.

Weird-


If your subject is in a neighborhood of 50 homes and 45 have the same vinyl siding is it subjective or objective to say vinyl siding is average for the neighborhood?
 
Weird-


If your subject is in a neighborhood of 50 homes and 45 have the same vinyl siding is it subjective or objective to say vinyl siding is average for the neighborhood?
I suppose one could say typical instead - until that becomes flagged - or say many of the homes have vinyl siding -
 
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